1. Hangover Looms for Lenovo Investors.
- Author
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Peaple, Andrew
- Subjects
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INVESTORS , *FINANCIAL performance , *BUSINESS losses , *EMERGING markets , *STOCKS (Finance) , *COMPUTER industry - Abstract
The article focuses on the reaction of investors to the release of the quarterly financial results of computer maker Lenovo Group on August 6, 2009. During the announcement of the small loss incurred by the company, the challenge posed by its plan to switch its focus to emerging markets was emphasized by its chairman. There was a 5.2% increase in the stock of Lenovo by the end of the day. The financial results of the firm are attributed to sales in China.
- Published
- 2009